Goldman calls the next mega trend the rising demand for the cables and optics that connect chips inside racks and racks to each other for AI computing.
By Vlad from Bastion on
In the bull case, the value of that wiring grows 9x in three years, from $15B to $154B, driven by the rollout of Nvidia's Rubin Ultra.
What's interesting is that this can also lift demand for copper, because copper cables stay in use for connecting chips over short distances. In that scenario, the copper backplane market grows 4.6x by 2028, from $4.5B to $20.5B
AI is one of the new sources of copper demand.